Saudi Arabia Brushless DC Motor Market to Expand at a CAGR of 10.4% during 2023–2029
Saudi Arabia brushless DC (BLDC) motor market is flourishing because of higher adoption and applicability of brushed DC motors and an increasing demand for cost-effective, energy-efficient and environment-friendly energy motors.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia brushless DC motor market size to grow at an impressive CAGR of 10.4% during the forecast period between 2023 and 2029. Major factors for the expansion of Saudi Arabia brushless DC motor market include the growing industrial applications of brushless DC motors, the increasing acceptance of these energy-efficient motors in HVAC, automotive, and electronics applications, and the automobile industry's transition to electric vehicles. Brushless DC motors are also thermally resistant, require little maintenance, operate at low temperatures, eliminate the risk of sparks, have high torque and RPM, and provide numerous benefits, such as improved consistency, longer lifespan, reduced noise, energy conservation, and increased equipment operational efficiency, which are expected to drive the market growth in the coming years. The growing urban population, increased consumer awareness of eco-friendly products, and government measures to encourage the adoption of green vehicles to minimize carbon footprint are expected to significantly boost the brushless DC motor market in Saudi Arabia. However, high cost of brushless DC motors is anticipated to restrain the growth of Saudi Arabia brushless DC motor market during the period in analysis.
Saudi Arabia Brushless DC Motor Market – Overview
Brushless direct current (BLDC) motors are synchronous electronically commutated motors (ECMs) that run on direct current (DC) via an inverter or switching power supply. BLDC motors are driven by a closed-loop controller that converts DC to alternating current (AC). In comparison to other traditional motors, BLDC motors are comprised of rotors, stators, sensors, and permanent magnets that provide a high power-to-weight ratio, high speed, and electronic control. These motors are thermally resistant, require minimal maintenance, perform at low temperatures, eliminate the risk of sparks, and have high torque and RPM. They provide various advantages, such as increased consistency, longer lifespan, reduced noise, energy conservation, and enhanced operational efficiency of equipment. BLDC motors are widely employed in a variety of end-use industries, including marine, automotive, chemicals, paper & pulp, food processing, electronics manufacturing, semiconductors, aerospace, and healthcare.
Saudi Arabia Brushless DC Motor Market- By Speed
By speed, Saudi Arabia brushless DC motor market is segmented into <500 RPM, 501–2000 RPM, 2001–10000 RPM, and >10000 RPM. The 2001–10000 RPM segment is expected to dominate the market due to surging demand and its diverse applications in medical equipment such as gas analyzer membrane pumps, dentistry tools, anesthetic ventilators, and breathing system pumps. They are also employed in industrial applications and household appliances, which will contribute to their continued expansion during the period in analysis.
Impact of COVID-19 on Saudi Arabia Brushless DC Motor Market
The COVID-19 adversely affected Saudi Arabia brushless DC motor market due to closure of production lines in various industries. The decline in demand for industrial equipment due to the disruption in the supply chain induced by the lockdowns implemented worldwide to prevent the virus from spreading stymied the growth of the brushless DC motor industry. New product launches also suffered. However, need for BLDC motors is expected to rise because of the increased production and adoption of electric cars that employ BLDC motors. Furthermore, a surging demand for washing machines, air conditioners, and other electrical devices is expected to propel the market in the coming years.
Saudi Arabia brushless DC motor market is fiercely competitive with major players including ABB, Siemens, Brilltech Vayu, FAULHABER GROUP, NIDEC CORPORATION, Toshiba Tec Corporation, ElectroCraft, Inc., Maxon, and ARC Systems Inc. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Saudi Arabia Brushless DC Motor Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Brushless DC Motor Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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